Addressing GenAI-Driven Fraud: Strategies for Banks and Financial Services
The banking sector is encouraged to adopt an algorithmic and predictive approach to cybersecurity as the threat landscape evolves. Banks can use GenAI to develop a proactive and adaptive fraud detection system to enhance capabilities in detecting synthetic identities, phishing, and account takeovers.
For more information and insights on this topic, please read the article, GenAI Fraud Risk: Challenges and Countermeasures for Banks.
